692f

The Commissioner is hereby authorized to bring an action in any Superior Part of a Court of First Instance of the Commonwealth of Puerto Rico, alleging that a past or present officer, director, member of any advisory board, investment adviser, depositor, or underwriter of a registered investment company within five years of the commencement of the action has engaged or is about to engage in any act or practice constituting a breach of fiduciary duty. If such allegations are established, the court may enjoin such persons from acting in any or all such capacities either permanently or temporarily and award such injunctive, monetary, and other relief against such person as may be reasonable and appropriate in the circumstances, in light of the public policy set forth in § 691 of this title. History —July 30, 2013, No. 93, § 36, eff. 120 days after July 30, 2013.